Where To Start When Updating Your Home
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There are a few basic facts you should think about when taking on any home improvement projects. You want to update your home, but are concerned about which projects will provide the best return on your investment. Use the tips in this article to determine the best place to start.
Whether you plan to resell your home in the near future or not, it is always a good idea to keep the possibility in the back of your mind. Even if you never need to resell, living in an updated home is more enjoyable and can also cost less in the long run. Properly maintaining your home is important in helping it to retain and even increase its value.
Bathrooms and kitchens typically have a higher rate of return than other possible updates. This is because buyers prefer homes with modern kitchens and updated bathrooms. If the number of bathrooms you have in your home is adequate for your family do not add another one. Your property taxes will probably increase if you add another bath because appraisers consider the number of bedrooms and bathrooms in the value of the home.
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If your home is feeling cramped you may want to consider adding an extra room to expand your living space. Think about finishing a basement or attic to gain this extra living space rather than building an addition. The return value of an addition will not be as great as converting square footage already present in your home.
If the floors you currently have in your home are looking worn, replacing them with a durable flooring material is a wise choice. Living spaces that get a lot of use should not be carpeted, but rather consider installing hardwood flooring or laminate flooring. Hardwood floors will add a considerable amount of value to your home, but is quite expensive. You can get the look at a much lower cost by installing a laminate floor that imitates the warm look of hardwood.
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If your back yard is large enough you may consider installing a pool. An inground pool is expensive but luxurious and does add considerable resale value. If you do not plan to sell your home and still want a pool available for your family, choose an above ground pool instead. If you find your family does not use it as much as you anticipated, you can remove it after a few years.
Updated appliances can make your kitchen more user friendly. A modern kitchen with new appliances is also a great selling point if you should need to relocate. Doing a kitchen remodel can be expensive, but most homeowners feel it is worth the cost because so much time is spent there.
Making your home more energy efficient is a great home improvement project. You can add insulation to your attic, purchase energy efficient appliances and replace older windows and doors. These projects also add to the equity in your home.
Use the information in this article to make wise choices when updating your home. The increased equity and resale value you achieve will make your projects well worth the effort.